Teck Resources Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Teck Resources stock.
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Wall Street analysts have given Teck Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Teck Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Teck Resources saw a decrease in short interest in August. As of August 31st, there was short interest totaling 5,700,000 shares, a decrease of 21.1% from the August 15th total of 7,220,000 shares. Based on an average daily trading volume, of 4,390,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.1% of the company's shares are short sold.
View Teck Resources' Short Interest.

Teck Resources is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Teck Resources.

Teck Resources Limited (NYSE:TECK) announced its earnings results on Tuesday, July, 27th. The basic materials company reported $0.63 EPS for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.13. The basic materials company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.69 billion. Teck Resources had a net margin of 1.83% and a trailing twelve-month return on equity of 5.02%. Teck Resources's quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS.
View Teck Resources' earnings history.

Teck Resources' stock was trading at $8.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TECK shares have increased by 200.7% and is now trading at $24.66.
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Teck Resources announced a quarterly dividend on Thursday, August 26th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.0397 per share on Wednesday, September 29th. This represents a $0.16 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, September 14th.
View Teck Resources' dividend history.

Teck Resources pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.62%. The dividend payout ratio of Teck Resources is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Teck Resources will have a dividend payout ratio of 5.65% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.
View Teck Resources' dividend history.

18 Wall Street analysts have issued 12 month price targets for Teck Resources' shares. Their forecasts range from $17.00 to $43.00. On average, they expect Teck Resources' stock price to reach $32.15 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
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Some companies that are related to Teck Resources include Vulcan Materials (VMC), Martin Marietta Materials (MLM), Sociedad Química y Minera de Chile (SQM), MDU Resources Group (MDU), Lynas Rare Earths (LYSDY), Summit Materials (SUM), Hecla Mining (HL), Compass Minerals International (CMP), Energy Fuels (UUUU), Piedmont Lithium (PLL), Largo Resources (LGO), United States Lime & Minerals (USLM), U.S. Silica (SLCA), Centrus Energy (LEU) and Intrepid Potash (IPI).
View all of TECK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.62%), Letko Brosseau & Associates Inc. (1.76%), Contrarius Investment Management Ltd (1.41%), ANTIPODES PARTNERS Ltd (1.25%), Castle Hook Partners LP (0.92%) and CIBC Asset Management Inc (0.92%).

TECK stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Laurion Capital Management LP, Connor Clark & Lunn Investment Management Ltd., Letko Brosseau & Associates Inc., Commonwealth Equity Services LLC, L1 Capital Pty Ltd, Alberta Investment Management Corp, and QV Investors Inc..

TECK stock was acquired by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Amundi, Cannell Peter B & Co. Inc., Greenlight Capital Inc., ANTIPODES PARTNERS Ltd, Twin Tree Management LP, Castle Hook Partners LP, and Millennium Management LLC.

Shares of TECK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECK stock can currently be purchased for approximately $24.66.

Teck Resources has a market capitalization of $12.94 billion and generates $6.68 billion in revenue each year. The basic materials company earns $-644,980,000.00 in net income (profit) each year or $0.78 on an earnings per share basis.

Teck Resources employs 10,000 workers across the globe.

Teck Resources was founded in 1906.

The official website for Teck Resources is www.teck.com.

Teck Resources is headquartered at 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The basic materials company can be reached via phone at (604) 699-4000 or via email at [email protected].